Press Release

The House Oversight and Government Reform Subcommittee on the Interior, led by Chairman Cynthia Lummis (WY-At Large) today examined whether the Department of Energy (DOE) operated outside of its legal authority with regards to uranium transfers under the United States Enrichment Corporation Privatization Act (USECAct) and placed undue influence on a final market analysis showing the impact of uranium transfers on the domestic market.

The USEC Act was created as a government corporation in 1992 to provide the nation’s domestic uranium enrichment services for both commercial power and national security needs. It was privatized in 1998 under the USEC Privatization Act.

The Department of Energy’s Excess Uranium Inventory Management Plan outlines the DOE’s introduction of excess uranium inventory into the commercial marketplace. Since 2012, the DOE has made four large uranium transfers.